Arvind IPO listing Today: Arvind SME IPO’s Estimated Listing Price Shows 40% Potential Gain

Arvind IPO listing Today: Arvind and Company Shipping Agency Ltd. (ACSAL Listing ), a subsidiary of the Arcadia Group, is generating buzz in the financial world as its SME Initial Public Offering (IPO) garners significant interest. The IPO, which comes with a price band of ₹45.00 per share, is making headlines for its attractive Grey Market Premium (GMP), which currently stands at ₹18. Is This Hidden Gem the Next Big Money-Maker or a Risky Gamble? Don’t Miss Out on the Truth!

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Arvind IPO listing Today

Arvind and Company Shipping Agencies IPO is listing on the NSE SME today, October 25, 2023.

The company had raised ₹14.74 crore through the IPO, which was entirely a fresh issue of 32.76 lakh shares. The IPO price was ₹45 per share.

It will be interesting to see how the stock performs on its listing day. The company’s GMP (Grey Market Premium) is currently ₹18, which indicates a listing premium of 40%. However, it is important to note that GMP is not a reliable indicator of listing performance.

Arvind IPO GMP Today

As of the last update on October 25, 2023 the Grey Market Premium for Arvind and Company Shipping Agency’s IPO at ₹18. This strong GMP indicates a positive sentiment among investors, hinting at the potential for solid demand during the IPO subscription period.

The IPO’s estimated listing price is now projected to be ₹63 per share, calculated by adding the current GMP to the upper price band. This listing price represents a remarkable 40% gain from the IPO price. See Current Arvind and Company IPO Subscription Status

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing PriceLast Updated
25-10-202345.00₹184100063 (40.00%)25-Oct-2023; 08:02
24-10-202345.00₹184100063 (40.00%)
23-10-202345.00₹163880062 (37.78%)
22-10-202345.00₹2149000₹66 (46.67%)
21-10-202345.00₹2149000₹66 (46.67%)
20-10-202345.00₹1943300₹64 (42.22%)
19-10-202345.00₹1943300₹64 (42.22%)
18-10-202345.00₹2454700₹69 (53.33%)
17-10-202345.00₹2454700₹69 (53.33%)
16-10-202345.00₹2454700₹69 (53.33%)
15-10-202345.00₹1841000₹63 (40%)
14-10-202345.00₹1841000₹63 (40%)
13-10-202345.00₹1841000₹63 (40%)
12-10-202345.00₹1431900₹59 (31.11%)

About Arvind and Company Shipping Agencies Ltd. (ACSAL):

ACSAL, a subsidiary of the Arcadia Group based in Jamnagar, is a key player in the shipping and forwarding industry. The Arcadia Group, with a current portfolio of approximately 34 barges, provides services to various port construction companies, including stevedoring, cargo handling, ship agency work, dredging, underwater trenching, underwater rock breaking, port constructions, port maintenance, and other marine operations.

Since its inception in 1987, ACSAL has primarily been engaged in the business of shipping and forwarding agents, earning revenue through commissions charged from clients. Additionally, the company owned the “Hotel Millennium Plaza” from FY 1997, which generated rental income for the company until FY 2021.

The company’s core focus is on the chartering business, particularly the chartering of barges for commercial purposes. As of the date of this Prospectus, the company owns a total of 5 barges, including “Arcadia Sumeru” (FY 2021), “KB-26” and “KB-32” (FY 2022), “KB-28” and “Arcadia Minica” (FY 2023).

The strong interest in Arvind and Company Shipping Agency’s IPO, coupled with its impressive GMP and estimated listing price, reflects positive investor sentiment and optimism about the company’s future prospects in the shipping and forwarding industry. Investors and market participants will be watching closely as the IPO subscription period unfolds.

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